Turkmenistan claims Yoloten gas field is world’s second largest
Turkmenistan, the holder of the world’s fourth-biggest natural gas reserves, said its South Yoloten gas field is the world’s second largest deposit.
Iran’s South Pars gas field is the world’s largest. The Yoloten field covers 4,000 sq km (1,500 square miles), according to Gaffney, Cline & Associates’ preliminary estimates.
The nation plans to invest about $ 10 bn to tap the deposit. Turkmenistan holds 24 tcm of discovered gas reserves.
The field can start exporting gas to China in late 2013, Petrofac (PFC), the contractor working at South Yoloten said.
Turkmenistan is also examining plans to export gas to Afghanistan, Pakistan, India and Europe.